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Archive | Finland

Forum Helsinki sold to Sponda

Helsinki landmark and shopping center Forum is sold. Sponda buys all six properties including shopping center and office building. ”This acquisition is a perfect fit with our current strategy of increasing the share of shopping centres and office properties in our portfolio, while also increasingly focusing our property ownership on the prime area in Helsinki’s […]

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KeskoAnttila_7879

Kesko increased profit 2015

Kesko’s net sales last year were 8,679 million EUR, excluding Anttila they remained at the level of the previous year. Sales of groceries suffered from declining prices. ”We can be satisfied when we take account of the continued weak trend in the purchasing power of the main market area in Finland, says President and CEO Mikko Helander. […]

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Stockmann Moskva

Stockmann’s Russian department stores sold

Stockmann has today completed the divestment of its department store business in Russia to Reviva Holdings Limited. The transaction has been approved by the Russian Federal Antimonopoly Service. Reviva bought 100 percent of AO Stockmann, a Russian subsidiary of Stockmann plc, and assumed operations of all seven department stores in Russia from 1 February 2016. Stockmann […]

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Clas Ohlson tapeter.

Clas Ohlson to expand home interior range –and open more Norwegian stores

Clas Ohlson further expands in Norway and opens new stores at Amfi Finnsnes, Voss and Maxi Sandnes. The shops all have planned opening before summer 2016. At the same time a new product range is announced for the Nordic markets where the higher price level products won’t be available in stock in store. (more…)

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Sebastian James_anpassad

Elkjøp’s Nordic Christmas – up 3 percent

Elkjøp Group’s Christmas sales, including Black friday and sales period over New Year, was great in Sweden, good in Norway and tough in Denmark and Finland. That’s the conclusion after Dixons Carphone, owner of Elkjøp Group, today published it’s trading statement for Christmas, ten weeks ending 9 January. The Group now sets high hopes on their B2B-solution […]

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KeskoAnttila_7879

Kesko’s sales increased in in all divisions

Kesko Group’s sales in December 2015 totalled 781.8 million EUR. In comparable terms excluding Anttila, sales increased by 3.0 percent in local currencies. “In December, Kesko’s sales increased in all divisions, especially in the car trade and the home improvement and speciality goods trade. Sales grew also in the grocery trade, although prices continued to decline further,” […]

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Stockmann Moskva

Lindex’s excellent Christmas sales lifts Stockmann in December

The Stockmann Group’s sales in December amounted to 173.7 million EUR, of which retail sales under the Stockmann and Lindex brands, excluding Russia and the product areas the company has withdrawn from, amounted to 146.0 million. Sales in the continuing product and market areas were up 1.6 percent due to Lindex’s excellent Christmas sales. The […]

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Clas Ohlson, Ealing UK.

Clas Ohlson increased Christmas sales by 13 percent in Finland

Clas Ohlson sales increased by 5 percent in December to 1,114 MSEK (1,066). In local currencies, sales increased by 7 percent. Total sales during the first eight months of the fiscal year (May to December 2015) increased by 5 percent to 5,540 MSEK (5,269). In local currencies, sales increased by 7 percent. Growth in Finland was […]

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New numbers: Finnish retail trade up 1.2 percent

According to Statistics Finland, sales in total trade increased by 0.4 percent in November from November 2014. Sales in retail trade increased by 1.2 percent in November. Among industries belonging to retail trade, department store trade developed more positively than daily consumer goods trade: sales in department stores went up by 1.8 percent from one […]

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Stockmann_z

Stockmann to fight 19.6 million extra taxation in Finland and Sweden

The Stockmann Group has received tax reassessment decisions from the Finnish and Swedish tax authorities requiring the Group companies to pay 19.6 million EUR in additional taxes, including punitive tax increases and related interest. Stockmann says in a statement it considers the decisions unfounded and will appeal against them. (more…)

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Siwa

Sale of Suomen Lähikauppa to be further examined

Kesko’s aquisition of Suomen Lähikauppa will be further examined by the Finnish Competition and Consumer Protection Office, KKV. KKV believes Kesko might gain monopoly in local areas, but also the national impact on the grocery market will be examined. And with one actor gone on the Finnish market, aquisitions will come into focus even more. (more…)

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Map Of Finland

Finnish retail sales up 1.2 percent in November

According to Statistics Finland’s retail trade flash estimate, the sales of retail trade increased by 1.2 percent in November from November 2014. Over the same period, the volume of retail trade sales, from which the impact of prices has been eliminated, grew by 2.6 percent. In daily consumer goods trade, sales contracted by 0.4 percent […]

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Monica Soderberg

She is Unibail-Rodamco’s new Nordic Head of Leasing

Unibail-Rodamco has appointed Monica Söderberg as the new Head of Leasing in the Nordic region. Monica Söderberg has worked for Unibail-Rodamco since March 2014. Now, she will be responsible for leasing of the entire Nordic portfolio. Monica Söderberg has since March 2014 been working with leasing as Key Account Manager for Unibail-Rocamco responsible for some of its […]

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Marianne Håkonsen

Marianne Håkonsen new marketing director at Citycon

Citycon picks their Nordic marketing director from its recent aquisition in Norway. Marianne M. Håkonsen, the former Marketing Manager of Sektor Gruppen, has been appointed Citycon Oyj’s Vice President, Marketing and Branding and member of the Corporate Management Committee. Marianne Håkonsen will be responsible for leading the marketing and branding activities in all Citycon countries and furthermore […]

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Kesko’s buildingware best performer in November

Kesko’s sales increased in November by 1.7 percent in local currencies. “Kesko’s sales increased particularly in Finland in the building and home improvement trade and in sports trade. In the grocery trade, sales were at the level of the previous year and the general decline in prices continued”, says Kesko’s President and CEO Mikko Helander. In Kesko’s grocery […]

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David Rönnberg

Indiska recruits external CEO

Fashion and interior decorating chain Indiska takes in an external CEO. Current president, Sofie Gunolf, takes a step back to become manager for purchasing and production. “The company has huge potential and I am glad of the opportunity and confidence to work with Sofie and the rest of the founding family to develop Indiska,” says David Rönnberg. […]

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Tesla charge

Kesko to provide free charging points for Tesla

A hybrid car and a contactless loyalty card is the new high tech sustainable offer for Finnish consumers from Kesko. Owners of both will soon be able to charge their cars for free in three regions while doing their grocery shopping. After one hour of charging, the car is set for approximately 100 kilometers more. (more…)

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Clas Ohlson, Ealing UK.

Clas Ohlson set November record

Clas Ohlson had a highly favourable start to Christmas shopping. Sales in November increased by 8 percent to 809 MSEK, with a particularly favourable performance in Finland where sales increased by 19 per cent in local currency. CEO Klas Balkow says weakening currencies is a challenge, but earnings is on par with the preceding year’s level. (more…)

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